Bonk Price Prediction: BONK Surges 8% As LetsBonk Market Share Soars, But Experts Say This Trading Bot Token Might 10X

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Bonk price
Bonk price

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The Bonk price surged 8% in the last 24 hours to trade at $0.00003772 as of 10:45 p.m. EST as investors buy into the meme coin.

The rise in the BONK price comes as meme coin launchpad LetsBonk gains market share in the Solana meme coin launchpad space, with its total share recently hitting 60%.

Bonk Price Might Be Able To Break Out Of Sideways Channel

BONK Chart Image

4-hour chart for BONK/USD (Source: GeckoTerminal)

The Bonk price is attempting to break out above a consolidation zone between $0.00003156 and $0.00003775 that it has traded in over the last couple of days, according to data from GeckoTerminal. If the meme coin manages to clear the $0.00003775 barrier within the next 8 hours, it could end up rising to as high as $0.00004130, provided the bullish pressure persists.

However, a rejection from the $0.00003775 resistance could keep the Bonk price within the sideways channel for a little while longer. In this scenario, a retest of the $0.00003156 support is likely. If impatient traders decide to dump their holdings in the crypto on the market, it might lead to a plunge to the key technical support level at $0.00002831.

Technicals Suggest The Bonk Price Rise Might Just Be Getting Started

From a technical point of view, indicators on the 4-hour chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Bonk price might have the bullish backing needed to overcome the $0.00003775 resistance soon.

That’s after the MACD line crossed above the MACD Signal line in the last 12 hours. Now, the gap between the two technical indicators is widening. This suggests that BONK’s momentum is picking up steam.

What’s more, RSI readings have risen over the past few hours as well. Traders usually see an uptick in this indicator’s values as an indication of growing buyer strength. The current reading is also below 70, showing that there is still room to climb before the crypto enters overbought territory.

As the Bonk price tries to clear a technical obstacle, investors are also buying into Snorter Token (SNORT). According to 99Bitcoins, an influential crypto channel on YouTube with over 723K subscribers, SNORT could soar 10X on launch.

A Trading Bot Designed To Find Meme Coin Gems

Talks of an altcoin season are making the rounds in the market as smaller-capped cryptos begin to pump. This could lead to a wave of new token launches in the weeks to come. If this happens, finding the next crypto gems that will lead to life-changing gains will likely be a difficult task. This is where Snorter Token, with its lightning-quick bot, can help.

The Snorter bot is a Telegram-based offering that enables users to snipe new tokens as soon as they emerge, perform sub-second swaps, copy other top traders and keep an eye on their crypto holdings, all from the popular messaging app.

With the potential influx of new tokens loading, scammers are likely to enter the market as well. However, Snorter bot users can trade with peace of mind knowing that the bot comes with advanced rugpull and honeypot scam detection, and has shown an 85% success rate in flagging potential sham projects. 

All of those features and protections also come with competitively-low fees. By simply holding SNORT tokens, users slash their execution costs from 1.5% to 0.85%. 

Initially, the bot will run on Solana. This will give users the ability to trade new tokens on platforms such as Pump.fun and Raydium. 

Looking at the project’s roadmap, there are plans to expand the bot’s functionality to chains compatible with the Ethereum Virtual Machine (EVM). When this happens, it will be very difficult for a trading opportunity to slip by the Snorter bot undetected. 

SNORT Presale Blasts Past $2.2 Million

Snorter Token has already raised over $2.2 million in presale funding so far, signaling strong investor confidence in the project’s future.

Interested investors can acquire SNORT through the simple buy widget embedded on the project’s website. Selling for $0.0989, the token can be purchased with both crypto or bank card. 

Once bought, tokens can then also be staked for a 180% APY. 

Anyone looking to secure the best presale deal will want to hurry, because SNORT’s price will increase as its presale progresses. The next ICO hike is less than 7 hours away.

Visit the official Snorter Token website to learn more. 

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